View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 22, 2012

NEC to acquire Convergys’ Information Management business for $449m

IM business will be integrated into NEC subsidiary NetCracker

By CBR Staff Writer

NEC Corporation has signed a definitive agreement to acquire Convergys’ Information Management (IM) business, which delivers business support systems (BSS) transformations to communications service providers around the world.

The $449m transaction covers all of IM’s business, including smart suite products, across different verticals including communications, utilities and logistics.

The acquisition is expected to enable NEC provide offerings to service providers to transform their BSS and create the foundation for billing, customer-care and revenue management.

Upon completion of the acquisition, Convergys’ IM business and organization will be integrated into NEC subsidiary NetCracker Technology Corporation, which will be responsible for all business operations of the combined entity.

NetCracker will add key BSS software and services to its telecom operations and management solutions (TOMS) suite, creating an end-to-end portfolio that will cater service providers and other industry verticals through the cloud, as a managed service, or as an in-premise system.

NEC, NetCracker and IM’s combined resources, including software, services, data centres and R&D investment, will create a Telecom software-focused business.

NEC said the acquisition is slated to be completed by the end of second quarter of 2012.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU